AI Generated Image
China prepares for ‘Economic D-Day’
Semafor • • world
Key Points:
- China hosted a previously undisclosed meeting last week with Iran’s deputy foreign minister to discuss issues related to the US-Iran conflict, according to a Beijing announcement on Sunday.
- The meeting occurred just one day before the Trump administration planned to impose what it called “the toughest sanctions in history” on Tehran.
- The US has warned of an “Economic D-Day” targeting Iran and its trading partners, including China, which is a major importer of Iranian oil.
- In response, China has reduced its crude oil imports from Iran by nearly 50% since the conflict began and has increased efforts to strengthen its domestic energy production.
